Empery Digital transfers Volcon brand for 10% stake in Venom; focuses on two-wheel business

Empery Digital Inc.

Transferred all Volcon IP (trademarks, patents, designs) to Venom EV for a non-dilutable 10% equity stake in Venom's reorganized Delaware corporation.
Retained EBike 'Brat' and will concentrate two-wheel business in Empery Mobility segment; plans European product launches and Japan homologation.
Will continue to finance Venom's inventory and has right to appoint one director to Venom's board for five years.
Divestiture reduces future product liability exposure from four-wheel vehicles; aims to expand financing to generate cash flow and increase bitcoin per share.

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